GostHacked Posted November 21, 2011 Report Posted November 21, 2011 http://ca.news.yahoo.com/insight-anger-mounts-mf-global-clients-see-3bln-190836206.html NEW YORK (Reuters) - Three weeks after MF Global's collapsed, furious former customers are still fighting for access to billions of dollars as they question why as much as two-thirds of their money is still stuck.While authorities have touted the fact that they are returning 60 percent of the collateral and cash that had been frozen in the wake of the broker's October 31 bankruptcy, a closer look shows that in fact only about 40 percent of customers' total funds have been authorized for release so far. The remainder, more than $3 billion, ostensibly remains on hand to cover a shortfall originally estimated by MF Global to regulators at just $600 million. Apparently the parent group CME Group is also in hot water due to this MF Global. One person I have posted about , Gerald Celente, had been trading futures since the 70s'. He is careful and knowledgeable, and still got F'd. What does that mean for the rest of us who have no clue how the system works? Here is Celente on the Max Keiser Report explaining it. That would make me angry too. http://maxkeiser.com/2011/11/15/gerald-celente-hammers-mf-globals-mfers-on-capital-account/ Quote
Shady Posted March 25, 2012 Report Posted March 25, 2012 New information regarding MF Global and former Democrat Governor Jon Corzine. MF Global’s Corzine Ordered Funds Transferred, Memo SaysJon S. Corzine, MF Global Holding Ltd. (MFGLQ)’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in a brokerage account with JPMorgan Chase & Co. (JPM), according to a memo written by congressional investigators. Edith O’Brien, a treasurer for the firm, said in an e-mail quoted in the memo that the transfer was “Per JC’s direct instructions,” according to a copy of the memo obtained by Bloomberg News yesterday. The e-mail, dated Oct. 28, was sent three days before the company collapsed, the memo says. The memo does not indicate whether that phrase was the full text of the e-mail or an excerpt. Bloomberg Quote
GostHacked Posted March 25, 2012 Author Report Posted March 25, 2012 New information regarding MF Global and former Democrat Governor Jon Corzine. Known about this for a couple months now. Glad you are catching up. Celente and others have said much of the same thing over the past . what 5 months now since we heard about this spectacular fiasco? I want a perp walk. Quote
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